756 Hyperion Avenue

Los Angeles CA 90029

3570 sq. ft.

7514 sq. ft.

Other

Last sold for $1,350,000

Michael R. Fukushima, last sold this property on 18 July 2025 after 500 days on market.

Overview

Prime Investment Opportunity Quadplex Next to Virgil Village and Sunset Junction! 756 Hyperion Ave presents a captivating opportunity near the heart of Virgil Village and Sunset Junction, boasting a charming California Bungalow and Midcentury Triplex. This small hillside property features a driveway that leads to a triplex in the rear of the property. The hillside through portions of the property could provide unobstructed views of the Hollywood sign and the Griffith Observatory. The property consists of a 1 bed/1 bath bungalow constructed in 1916spanning 646 SF renovated in 2015, alongside a triplex built in 1965, featuring one 4 bed/2 bath owner's unit and two 1 bed/1 bath units, totaling 2,934 SF. Notably, both the owner's unit and one of the 1 bed units in the triplex will be vacant upon close of escrow. Currently, the property demonstrates a Proforma Gross Rent Multiplier (GRM) of 10.1 with a Proforma CAP rate of 7.0%, indicating its strong investment potential. Additionally, the spacious lot offers ample parking space and potential for an Additional Dwelling Unit (ADU) at the rear. Conveniently situated, a stroll up Hyperion or Hoover leads to the vibrant Sunset Blvd., renowned for its diverse retail and dining options at Sunset Junction. Similarly, exploring south on Virgil or Hoover provides access to the bustling Virgil Village scene. This property's central location coupled with its remarkable upside potential makes it an enticing investment opportunity for discerning buyers.

Features

7 bedrooms

5 bathrooms

4 carspaces

3570 sq. ft. floor area

7514 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 7 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 756 Hyperion Avenue

2025

Sold

$1,350,000

18 Jul 2025 by Michael R. Fukushima, of Keller Williams Realty Downey

Happy sellers in Los Angeles

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